Financial Stability Review 2020
In the first half of 2020, the global coronavirus pandemic led to the most severe economic slump in Germany in decades. Governments and central banks around the world have taken extensive measures to stabilise the economy as well as labour and financial markets.
“The German financial system has proven to be stable. During the coronavirus pandemic, it has so far fulfilled its key functions,” said Claudia Buch, Vice-President of the Deutsche Bundesbank.